Retirement planning: my wife has it sorted, what am I going to do?

One advantage that men have when it comes to retirement is that they are typically in a stronger financial position when compared with women. Without the expectation to take time out of their careers to raise a family or care for others, more often than not they have done all of the 'right' things; worked hard, looked after their family and have a healthy superannuation balance. They have the financial side of retirement planning sorted, but often haven't stopped to think about the non-financial aspects. For example what are they going to actually do with their days? There is only so much golf one can play, and what if you don't enjoy golf?!

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Checklist for planning your social life in retirement

Retirement is a significant life stage that can impact both your home and social life. Taking the leap of leaving the workplace behind is no doubt an exciting move, however, it’s important to ensure you plan ahead. According to transition consultant, Megan Giles, adequately preparing for the significant shift in your day-to-day interactions is key to a smooth transition.

“By working, socialising is automatic. You’ve got someone to have lunch with and you interact with your colleagues (whether you like it or not). People often expect to have an exciting and fulfilling retirement, but that doesn’t automatically happen, you need to take some time to action that. Don’t wait until day one. Plan forward the social aspects of your retirement now,” Megan says.

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